How to close Bybit contract

How to Close Bybit Contract

Bybit, a leading cryptocurrency derivatives exchange, offers a wide range of futures contracts for traders to choose from. Closing a Bybit contract is a straightforward process that can be completed in a few simple steps.

Steps to Close a Bybit Contract

1. Log in to your Bybit account.

The first step is to log in to your Bybit account. Once you have logged in, you will be taken to the dashboard.

2. Navigate to the "Contracts" tab.

On the dashboard, click on the "Contracts" tab. This will take you to a list of all the available futures contracts.

3. Select the contract you want to close.

From the list of available contracts, select the contract that you want to close. Once you have selected the contract, click on the "Close" button.

4. Enter the number of contracts you want to close.

In the "Close Position" dialog box, enter the number of contracts that you want to close. You can also choose to close all of your open positions for that contract by clicking on the "Close All" button.

5. Click on the "Close" button.

Once you have entered the number of contracts that you want to close, click on the "Close" button. This will close your position and any open orders for that contract.

6. Confirm the closure of your contract.

A confirmation message will appear on the screen. Click on the "OK" button to confirm the closure of your contract.

Additional Information

Here are some additional tips for closing Bybit contracts:

• You can close a contract at any time before the expiration date.
• You can close a contract partially or fully.
• If you close a contract partially, the remaining position will be open until the expiration date.
• You can close a contract even if you have open orders for that contract.
• Any open orders for the contract will be canceled when you close the contract.
• You will receive the profit or loss from the closed contract in your trading account.